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RESOLUTION NO. 4867 A RESOLUTION APPROVING A LOW-INCOME RENTAL HOUSING PROPERTY TAX EXEMPTION FOR THE PROPERTY LOCATED AT 951 WEST 7TH, EUGENE, OREGON (ASSESSOR'S PROPERTY ACCOUNT NUMBER 0266211). (ST. VINCENT DE PAUL SOCIETY OF LANE COUNTY, INC.) The City Council of the City of Eugene finds that: A. The 81. Vincent de Paul Society of Lane County, Inc. (705 S. Seneca Road, Eugene, Oregon 97402) is the owner of real property located at 951 West 7th, Eugene, Oregon, 97402 (Assessor's Property Account Number 0266211), and more particularly described on the attached Exhibit A, and has submitted an application pursuant to Subsection 2.939(2) of the Eugene Code, 1971, for an exemption from ad valorem taxes under the City's Low-Income Rental Housing Property Tax Exemption Program (Sections 2.937 to 2.940 of the Eugene Code, 1971 ). B. The proposed project consists of the development of 13 units (two studio units, seven one-bedroom units, and four two-bedroom units). Twelve of the units will be used for providing permanent low-income rental housing for 12 to 16 chronically homeless veterans. One unit will be used for an on-site manager familiar with the needs and characteristics of the tenants. It is anticipated that the manager will be a low-income occupant, as well. c. The Director of the Planning and Development Department, as designee of the City Manager, has submitted a Report and Recommendation to the Council which contains specific findings. A copy of the Report and Recommendation is attached as Exhibit Band incorporated by reference. The Director has recommended that the application be approved and the exemption granted. In making that recommendation, the Director found that the applicant submitted all materials, documents and fees required by the application and the City as set forth in Section 2.939(2) of the Eugene Code, 1971, and is in compliance with the policies set forth in the Standards and Guidelines adopted by Resolution No. 4623e NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. Based upon the above findings, and the findings in the Director's Report and Recommendation attached as Exhibit B, which are adopted, the City Council approves the application of S1. Vincent de Paul Society of Lane County, Inc. for an ad valorem property tax exemption under the City's Low-Income Rental Housing Property Tax Exemption Program for the property located at 951 West 7th Avenue, Eugene, Oregon (Assessor's Property Account Resolution - 1